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Paul Rejczak
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Gold

The gold futures contract lost 1.02% on Monday, as it broke below its short-term consolidation following rebound from March 8th local low of $1,763.30. In early March yellow metal’s price was the lowest since last year’s June. Today gold is extending the decline, as we can see on the daily chart (the chart includes today’s intraday data):

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Gold is 1.1% lower this morning, as it is getting closer to the mentioned early March local low. What about the other precious metals? Silver is 1.4% lower, platinum is 0.1% lower and palladium is 0.3% higher today. So precious metals are lower this morning.

Today we will get the CB Consumer Confidence release at 10:00 a.m. We will also get some Fed-talk and economic data releases from China later in the day.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Tuesday, March 30

  • 9:00 a.m. U.S. – FOMC Member Quarles Speech
  • 10:00 a.m. U.S. – CB Consumer Confidence
  • 2:30 p.m. U.S. – FOMC Member Williams Speech
  • 9:00 p.m. China – Manufacturing PMI, Non-Manufacturing PMI

Wednesday, March 31

  • 8:15 a.m. U.S. – ADP Non-Farm Employment Change
  • 8:30 a.m. Canada – GDP m/m
  • 9:45 a.m. U.S. – Chicago PMI
  • 10:00 a.m. U.S. – Pending Home Sales m/m

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

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Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

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